First Century Management Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 08375491

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	317,069		163,522
Cash at bank and in hand		178,308		187,409

		495,377		350,931
Creditors: Amounts Falling Due Within One Year	5	(582,041 )		(492,011 )

NET CURRENT ASSETS (LIABILITIES)			(86,664 )		(141,080 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(86,664 )		(141,080 )

NET LIABILITIES			(86,664 )		(141,080 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(86,764 )		(141,180 )

SHAREHOLDERS' FUNDS			(86,664)		(141,080)

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr. Alexander Moreton

Director

11/11/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

First Century Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08375491 . The registered office is St Clair's, Sailors Lane, Corhampton, Hampshire, SO32 3LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

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First Century Management Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	54,289	48,840
Amounts owed by participating interests	29,469	29,469
Other debtors	233,311	85,213

	317,069	163,522

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	34,457	51,699
Other creditors	545,609	440,312
Taxation and social security	1,975	-

	582,041	492,011

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Related Party Transactions

At the year end, the directors owed £61,519 (2024: £27,771) to the company. This amount is included in other debtors

and will be cleared within 9 months of the year end.

The Blue Group is a related party by virtue of having the same director (A J Moreton). Monthly management charges

were paid to The Blue Group totalling £121,300 (2024: £116,524).

First Century Investments Limited is a related party by virtue of having the same three directors (A J Moreton, J E

Moreton and Mrs K M B Moreton). At the year end, First Century Investments Limited owed First Century Management

Limited £29,469 (2024: £29,469). This amount is included in other debtors.

J E Moreton and Mrs K M B Moreton are also partners in St Clair's Partnership. During the year, rent of £48,000 (2024:

£48,000) was paid to St Clair's Partnership. Management charges of £120,000 were received from St Clair's Partnership during the year.

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